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JAPANESE YEN / BRITISH POUND

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JPYGBP trade ideas

It's a great buy opportunity in GBPJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (148.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 148.70 TP2= @ 149.00 TP3= @ 149.50 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
💡 Don't miss the great buy opportunity in GBPJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (147.3). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 148.10 TP2= @ 148.35 TP3= @ 149.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
💡 Don't miss the great buy opportunity in GBPJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (144.15). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41. Take Profits: TP1= @ 144.95 TP2= @ 145.25 TP3= @ 145.50 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
3
GBPJPY - LONGDESCRIPTION The counter GBPJPY forms an ascending channel. The counter's prices moving between the top and bottom line of the channel from 18th January. The formation of the ascending channel indicates the counter is in a bullish mode. The price is cumulating near the top line of the channel for the past 24hrs. Since the price didn't break the topline, the bullish mode may continue further. Even if it breaks the channel, the price may move even more upwards. Ultimately long is more suitable for this condition. The upsloping movement of the MACD curves gives additional support to the description. The major levels for this counter is R2 –143.91 R1 –143.47 PP –142.83 S1 –142.39 S2 –141.75
Long
by WohlstandMarketsLimited
GBP/JPY SELL FROM 1.42 REGION - SHORT TERM SELLLooking at shorting GJ from current price when markets open looking at price action we can see that we have hit a point of resistance wed haven't broken this zone since 13th jan not only that every time we come into this area of 1.42100-1.42200 we start to see bearish price action showing this level of resistance could hold once more but you have to remember that we are in a strong uptrend so this trade would be going against the trend but its worth the shot as the risk to reward is around 1:8 we can see that we have been in a bit of consoldation recently for the past two weeks my general outlook on gj is still bullish but this move here could catch around 100+ to the downside Reasons for sells 1. daily closure Friday bearish 2. weekly 200m respected 3. At the top of the range/at a strong level of resistance SELL FROM OPEN WAIT FOR 11PM ENTRY : 142.000 STOP LOSS 142.150 (15PIPS) TAKE PROFIT 1 141.000 (100 PIPS) TAKE PROFIT 2 140.400 (170 pips) Looking at the overall trend of gj is bullish which means this is counter trend trade use only 1% of account balance Trade at your own risk
Short
by Carlos44